Tema: PPCC-Pisitófilos Creditófagos-Otoño 2022

[Benzino Napaloni]

Por ejemplo:

"la iglesia apoyaba a Franco".

¿Es falso? Hombre, obviamente, si entendemos "iglesia" como un edificio, pues sí, es falso. Si lo entendemos como una institución, pues podríamos decir que es cierto. Por supuesto habría miembros de la iglesia en contra de Franco, pero como institución, no fué así.

La iglesia somos todos. Asi que sí, es falso.


------
iglesia
nombre femenino

    1. Conjunto de personas que profesan la religión cristiana.
    2. Parte de este conjunto de personas definido por un rito litúrgico, un territorio, una época, una doctrina o la persona que la ha organizado o dirigido doctrinalmente.
 

No seré yo quien defienda al de la voz de pito, pero la Iglesia, como muchos otros grupos, tuvo que elegir bando. Mucha gente corriente se vuelve agresiva y pelea por su vida cuando se ve en peligro.

Una vez pasado el peligro de que les matasen, la misma dictadura que se decía a sí misma nacionalcatólica creó la única cárcel "concordataria" del mundo donde sólo se internaban sacerdotes.

El mismo Pablo VI, que tonto no era, sabía que la dictadura no iba a aguantar sin su patriarca. Y ya no estaba el peligro de persecución. Así que dio la orden de despegarse. ¿Quién no hace en cierto grado el mirar por los propios intereses? Incluyendo el básico de sobrevivir.

[el malo]

Tú no lo mejoras.



Los aliados, incluyendo a la URSS vencieron la IIGM.

Europa y todo el mundo decente pone sanciones a Putin y su camarilla, y trata de ahogar financieramente al ejercito ruso. (El castigo a los rusos de a pie es un efecto inevitable, pero todo el mundo sabe que allí no se ha podido ejercer las más mínima oposición a Putin. No, no se castiga a Rusia, se castiga a los rusos. También a las víctimas de Putin porque no queda otra.)

Venga hombre Sudden, "Europa y todo el mundo decente". Di mejor la anglosfera y acabamos antes.

Este año el summit de los BRICS en Pekín ha ido con total normalidad, con Rusia como invitado y sin ninguna condena ni sanción a la vista. Los BRICS representan más del 40% de la población mundial. ¿La mitad del mundo está equivocado?

[berberecho]

Tú no lo mejoras.



Los aliados, incluyendo a la URSS vencieron la IIGM.

Europa y todo el mundo decente pone sanciones a Putin y su camarilla, y trata de ahogar financieramente al ejercito ruso. (El castigo a los rusos de a pie es un efecto inevitable, pero todo el mundo sabe que allí no se ha podido ejercer las más mínima oposición a Putin. No, no se castiga a Rusia, se castiga a los rusos. También a las víctimas de Putin porque no queda otra.)

pero... si EEUU formaba parte de los aliados (supongo, ¿me lo puedes confirmar?) entonces... se sigue que venció en la 2ª guerra mundial. Al menos eso creo. Aunque quizá no estamos seguros. Tal vez hubo estadounidenses o incluso soviéticos que lucharon del lado de los nazis, o alemanes que no lucharon del lado de Alemania (¿se puede decir así?). Vaya lío. Habría que revisar todos los libros de historia porque seguramente estén escritos con mucha confusión.

Europa pone sanciones a Putin.... no sé si se puede decir así. ¿Por qué hablas de Europa como si fuera una persona? eso no lo puedes hacer, pues en Europa hay muchas personas, incluso de fuera de Europa. ¿Podría decirse Borrel pone sanciones a Rusia?. Es difícil de saber. Hay empresas europeas que se han visto muy afectadas por las sanciones ¿quién las ha sancionado? el buen desancionador que las desancione buen desancionador será. Más que nada porque esas empresas no han invadido ningún país, si es que los países existen, que no sabemos. Y lo que está claro es que las empresas no existen, pues sólo hay personas. Personas y viento.

Siento mucho no mejorar tu tiempo, pero es que es inmejorable, y yo una humilde persona (tal vez). Yo aprendo mucho contigo, ¡gracias!.

[sudden and sharp]

De nada.

[Derby]

Pero ese no es el pensamiento general. No es fácil aceptar descubrir que te has metido a una hipoteca a 30 años porque te tragaste el cuento de lo rentable que era comprar para alquilar. Y que si no sacas la renta que esperabas, el pisito además de no ser rentable es una piedra atada a tu pescuezo.

Por no hablar de que ya hay alguno que al ver que no vende, ha tratado de volver al alquiler pero con condiciones absurdas. Es el miedo y el cabreo del que ya se huele que va a ser el primo que se comerá la patata caliente.

Así es. Y el problema es que los hipotecones que hay ahora son de miedo...

[sudden and sharp]

Pero ese no es el pensamiento general. No es fácil aceptar descubrir que te has metido a una hipoteca a 30 años porque te tragaste el cuento de lo rentable que era comprar para alquilar. Y que si no sacas la renta que esperabas, el pisito además de no ser rentable es una piedra atada a tu pescuezo.

Por no hablar de que ya hay alguno que al ver que no vende, ha tratado de volver al alquiler pero con condiciones absurdas. Es el miedo y el cabreo del que ya se huele que va a ser el primo que se comerá la patata caliente.

Así es. Y el problema es que los hipotecones que hay ahora son de miedo...

Salvo depreciación de la moneda, inflación de precios, o ambas. El quid de la cuestión. La fortaleza de la moneda o su contrario. (El cuento de Pedro y el lobo, sólo que al revés. Un etf inverso desos, del cuento.)









¡Que (ahora sí) viene el lobo!   

[Derby]

Más...

https://www.bloomberg.com/news/articles/2022-10-31/-nowhere-to-hide-bond-managers-lag-benchmark-in-rare-misfire

‘Nowhere to Hide’: Bond Managers Lag Benchmark in Rare Misfire

*Roughly 60% of funds trailing main Bloomberg bond index
*Worst showing since 2018, but history shows rebound is likely

Active bond managers are licking their wounds amid this year’s historic fixed-income rout and are banking on a big rebound in 2023 to show their worth.

Roughly 60% of the funds pegged to Bloomberg’s flagship bond-market index have trailed the benchmark this year, the worst showing since 2018. That means most investors turning to bonds for a semblance of shelter from this year’s carnage in markets would have been better off in cheaper, passively managed index funds.

It’s a humbling display for active managers, who typically beat their benchmark by nimbly shifting between Treasuries, corporate debt, mortgages and asset-backed securities to tap the best opportunities. But 2022 has obliterated almost every corner of fixed income, with a punishing selloff fueled by aggressive Federal Reserve interest-rate hikes to tame stubbornly high inflation.

“There’s been nowhere to hide in 2022 and cash was king,” said Jack McIntyre, a portfolio manager at Brandywine Global Investment Management. “Clients don’t pay you to stay in cash for a long time.”

Active managers still dominate the US bond market, with assets totaling $3.6 trillion, up from $2.4 trillion in 2012, according to Morningstar Direct data. But index funds are growing rapidly: Their assets have surged more than 400% in that period to $1.9 trillion.

(...) “Markets are very fluid and they are transitioning from a period when global central banks supported asset prices to one where they are being more supportive of the economy through restoring price stability,” said Arvind Narayanan, a senior portfolio manager and co-head of investment-grade credit at Vanguard Group Inc.

“This is an environment for active bond managers to find opportunities for their clients,” he said.

[Derby]

Cuando el capitán abandona el barco...

https://www.bloomberg.com/news/articles/2022-10-31/china-property-crash-sends-billionaire-founders-heading-to-exits

China’s Property Crash Sends Billionaire Founders Heading to Exits

*Longfor shares and bonds tumble after Wu Yajun quits
*Once China’s richest woman, Wu has lost two-thirds of wealth

(...) Longfor Group Holdings Ltd.’s Wu Yajun resigned on Friday as executive director and chair, shortly after Soho China Ltd.’s Pan Shiyi quit in September. While Wu cited health reasons, the timing has startled analysts.

“It’s very likely that we will see more mainland property founders leaving important roles in their firms,” said Kakei Lam, fund investment officer at Metaverse Securities in Hong Kong. “The golden age of Chinese property is gone, and they probably don’t see too much they can do to help.”

The surprise move sent Longfor’s stock and bonds tumbling on Monday, even as Wu’s family spent HK$28.6 million ($3.6 million) snapping up shares to shore up market confidence and the company partially repaid a syndicated loan early. The resignation is only adding to concerns that the developer -- which has the highest credit rating among private peers in China -- won’t be able to rely on its relatively strong position to stave off the ongoing national crisis.

While the trend is only starting in the property sector, China’s tech industry has seen several high-profile founders resign following a crackdown that began with Ant Group Co.’s torpedoed initial public offering, costing the firms billions of dollars in market value. Entrepreneurs are quitting because they’re worried about Xi Jinping’s drive to regulate wealth accumulation, said Alicia Garcia Herrero, chief Asia Pacific economist at Natixis SA.

In the case of Soho China, the stock has tumbled to a record low since Pan left the company to focus on philanthropic pursuits.

Once China’s richest woman, Wu has lost two-thirds of her wealth this year and may soon drop out of the Bloomberg Billionaires Index, which tracks the world’s 500 richest people. As of Monday’s close, she was worth about $4.6 billion.

While Wu’s resignation sent shock waves through the market, the 58-year-old said she’d been preparing her succession for three years, inspired by He Xiangjian, the billionaire founder of appliance maker Midea Group Co. who handed the reins to a group of professional managers a decade ago.(...)

[berberecho]

Golpe fiscal al alquiler: los socios de Sánchez se alían para reducir un 17% la deducción a caseros

Podemos, ERC y BIldu presionan al PSOE para incluir un golpe fiscal a los caseros en los Presupuestos. En una de las enmiendas parciales dentro de un paquete de vivienda que han registrado este viernes en el Congreso, lanzan un golpe fiscal del 17% a los caseros y reducen la tradicional deducción al alquiler del 60% al 50%. Este tijeretazo afectaría a la gran mayoría de caseros, al alrededor del 95% de ellos que no ofrecen alquiler social. Para esta última modalidad, en cambio, se ofrece mejorar el incentivo hasta el 90%.

https://www.vozpopuli.com/economia_y_finanzas/golpe-fiscal-alquiler-socios-sanchez-alian-reducir-17-deduccion-caseros.html

Bueno, es un principio.

Hay algo más que un principio. Ya se limitó la subida de alquileres por la terrible inflación cacareada. Se sabe, por tanto, que es cacareada. Pero resulta útil hacer creer al grueso de la población que no. Pronto se irá viendo que no.

Y las medidas van en una dirección. Quien tenga ojos, que vea.

[Derby]

https://www.cnbc.com/2022/10/31/jpmorgan-chase-unveils-payments-platform-for-landlords-and-tenants.html

JPMorgan Chase wants to disrupt the rent check with its payments platform for landlords and tenants

*JPMorgan is piloting a platform it created for property owners and managers that automates the invoicing and receipt of online rent payments, according to Sam Yen, chief innovation officer of JPMorgan’s commercial banking division.

*“The vast majority of rent payments are still done through checks,” Yen said. “If you talk to residents to this day, they often say ‘The only reason I have a checkbook still is to pay my rent.’”

*The bank hopes to gain traction by offering users valuable insights through data and analytics, including how to set rent levels, where to make future investments and even screening tenants, according to Yen.

JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and embrace digital payments.

The bank is piloting a platform it created for property owners and managers that automates the invoicing and receipt of online rent payments, according to Sam Yen, chief innovation officer of JPMorgan’s commercial banking division.

While digital payments have steadily taken over more of the world’s transactions, boosted in recent years by the Covid pandemic, there is one corner of commerce where paper still reigns supreme: the monthly rent check. That’s because the market is highly fragmented, with most of the country’s 12 million property owners running smaller portfolios of fewer than 100 units.

As a result, about 78% are still paid using old-school checks and money orders, according to JPMorgan. More than 100 million Americans pay a combined $500 billion annually in rent, the bank said.

“The vast majority of rent payments are still done through checks,” Yen said in a recent interview. “If you talk to residents to this day, they often say ‘The only reason I have a checkbook still is to pay my rent.’ So there are lots of opportunities to provide efficiencies there.”

Excel, QuickBooks

JPMorgan has spent the past few years working on the software, called Story, which is meant to ultimately become an all-in-one property management solution.

The bank aimed at first improving the rent collection process because it’s the “most time-intensive process that exists today for a real estate owner-operator,” according to Kurt Stuart, who runs JPMorgan’s commercial term lending for the Northeast region.

Besides having to manually collect paper checks and depositing them, landlords typically lean on decades-old software including Microsoft ’s Excel and Intuit ’s QuickBooks to run their businesses, said Yen. Newer options more tailored to the real estate industry have appeared in recent years with names like Buildium and TurboTenant. None are dominant yet, according to the executive.

Story will “give [property owners and managers] much more visibility across their entire portfolio to see exactly what’s been paid and what hasn’t been paid,” Yen said.(...)

[el malo]

https://www.cnbc.com/2022/10/31/jpmorgan-chase-unveils-payments-platform-for-landlords-and-tenants.html

JPMorgan Chase wants to disrupt the rent check with its payments platform for landlords and tenants

*JPMorgan is piloting a platform it created for property owners and managers that automates the invoicing and receipt of online rent payments, according to Sam Yen, chief innovation officer of JPMorgan’s commercial banking division.

*“The vast majority of rent payments are still done through checks,” Yen said. “If you talk to residents to this day, they often say ‘The only reason I have a checkbook still is to pay my rent.’”

*The bank hopes to gain traction by offering users valuable insights through data and analytics, including how to set rent levels, where to make future investments and even screening tenants, according to Yen.

JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and embrace digital payments.

The bank is piloting a platform it created for property owners and managers that automates the invoicing and receipt of online rent payments, according to Sam Yen, chief innovation officer of JPMorgan’s commercial banking division.

While digital payments have steadily taken over more of the world’s transactions, boosted in recent years by the Covid pandemic, there is one corner of commerce where paper still reigns supreme: the monthly rent check. That’s because the market is highly fragmented, with most of the country’s 12 million property owners running smaller portfolios of fewer than 100 units.

As a result, about 78% are still paid using old-school checks and money orders, according to JPMorgan. More than 100 million Americans pay a combined $500 billion annually in rent, the bank said.

“The vast majority of rent payments are still done through checks,” Yen said in a recent interview. “If you talk to residents to this day, they often say ‘The only reason I have a checkbook still is to pay my rent.’ So there are lots of opportunities to provide efficiencies there.”

Excel, QuickBooks

JPMorgan has spent the past few years working on the software, called Story, which is meant to ultimately become an all-in-one property management solution.

The bank aimed at first improving the rent collection process because it’s the “most time-intensive process that exists today for a real estate owner-operator,” according to Kurt Stuart, who runs JPMorgan’s commercial term lending for the Northeast region.

Besides having to manually collect paper checks and depositing them, landlords typically lean on decades-old software including Microsoft ’s Excel and Intuit ’s QuickBooks to run their businesses, said Yen. Newer options more tailored to the real estate industry have appeared in recent years with names like Buildium and TurboTenant. None are dominant yet, according to the executive.

Story will “give [property owners and managers] much more visibility across their entire portfolio to see exactly what’s been paid and what hasn’t been paid,” Yen said.(...)

JP Morgan acaba de inventar la orden permanente (standing order). Como sigan innovando van a descubrir el pago con tarjeta.

[Derby]

https://twitter.com/Mayhem4Markets/status/1586983502821605378

Home sales are collapsing, and eventually prices will in many regions, too.

[sudden and sharp]

Golpe fiscal al alquiler: los socios de Sánchez se alían para reducir un 17% la deducción a caseros

Podemos, ERC y BIldu presionan al PSOE para incluir un golpe fiscal a los caseros en los Presupuestos. En una de las enmiendas parciales dentro de un paquete de vivienda que han registrado este viernes en el Congreso, lanzan un golpe fiscal del 17% a los caseros y reducen la tradicional deducción al alquiler del 60% al 50%. Este tijeretazo afectaría a la gran mayoría de caseros, al alrededor del 95% de ellos que no ofrecen alquiler social. Para esta última modalidad, en cambio, se ofrece mejorar el incentivo hasta el 90%.

https://www.vozpopuli.com/economia_y_finanzas/golpe-fiscal-alquiler-socios-sanchez-alian-reducir-17-deduccion-caseros.html

Bueno, es un principio.

Hay algo más que un principio. Ya se limitó la subida de alquileres por la terrible inflación cacareada. Se sabe, por tanto, que es cacareada. Pero resulta útil hacer creer al grueso de la población que no. Pronto se irá viendo que no.

Y las medidas van en una dirección. Quien tenga ojos, que vea.

No. Usa los tuyos... y luego nos lo explicas. (Porque tenemos menos ipc que la zona euro. Ya vale de meter miedo.)

[Benzino Napaloni]

¿Cómo y por qué debes vender tu piso antes de que termine el año?

No se alboroten y caminen ordenadamente a la salida de emergencia.

Los pronósticos apuntan a que el precio de la vivienda comenzará a bajar en los próximos meses

Por algo hace tiempo que ciertos compradores pararon las operaciones.

Esto ya está a punto de caramelo. Sólo falta que cunda el pánico.

[Derby]

Hasta en Netflix...

https://www.ft.com/content/269f61c4-a46c-4017-b561-96742f803177

The real horror in ‘The Watcher’? The overheated property market

The Netflix thriller must strike a chord with city dwellers who’ve moved to the ’burbs — only to worry they paid far too much